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CSPAN
Dec 11, 2012 12:00pm EST
: domestic spending cuts is on the table for the fiscal cliff talks. two different perspectives for you here. isabel sawhill, brookings institution. brookings center on children and families. james capretta ethics and public policy center and visiting scholar at aei. let me begin with you. are these potential domestic cuts under sequestration devastating or manageable? >> guest: somewhere in between. not a good idea. they would be very deep cuts, you know, an 8% cut across the board is a very significant one-time cut for any program to sustain in immediate year period. so they're not a good idea. would it be the end of the world, no? >> host: what do you mean by that? >> guest: well, i mean there would be downsizing of a lot of services across the government in terms of the domestic accounts. so it would be fewer services being provided. there would be reduced federal employees. some grant programs would take a haircut of five, 10%. so there would be downsizing of the services provided by the federal government. but the economy would go on and the government would go on and the public would
CNN
Dec 11, 2012 9:00am PST
up fiscal cliff, we're now seeing house speaker boehner discussing the issue from the house floor. the first time he's commented publicly after meeting with president obama sunday. let's listen. >>> right flonow the american people have to be wondering when is the president going to get serious. i yield back. >> the chair recognizes the gentlemen from pennsylvania mr. altmire, for five minutes. >> i rise to recognize victor decarlo for receiving the -- >> we have been listening to the house speaker talking about negotiations taking place with the president obviously, a lot of people watching closely, trying to avoid the fiscal cliff which would mean tax hikes for almost all americans but also severe cuts as well. they are debating that publicly as well as privately. i want to talk more about the rebel group that we had mention before in syria, that is now designated a new terrorist organization, cnn's hala gorani joining us atlanta. hala, first of all, you've got the syrian rebels, they're there fighting al assad's government. now the u.s. government, state department, steps in an
FOX News
Dec 12, 2012 8:00am PST
the president to come up with a plan for spending cuts and tax revenue to avoid the so-called fiscal cliff we're talking so much b. otherwise we know there will be automatic tax hikes. there are also the spending cuts that kick in starting in january. the pentagon will bear the brunt of the automatic spending cuts. some republicans say mandatory cuts are better than no cuts at all and we should put defense spending on the chopping block to accomplish the long-term goal of reducing the deficit. joining me now oklahoma congressman james langford, his second term in congress. what do you think about that, some suggesting this is in a political article that the republicans are foresee questions tracing if that is the only way to cut the debt and deficit. >> the challenge of it is this is really part sue of the debt ceiling debate we had last summer. we wanted a strategic plan to reduce the spending. the house passed that in may. we had an outlined plan to reduce spending. we had no answer from them. the see questions station wa sequestration was the last report. i haven't been in congress a longt
CSPAN
Dec 5, 2012 1:00pm EST
what happens if we go off this fiscal cliff. it's a spending decision and a tax decision, but i list them both up here. this chart comes from the congressional research service. a couple interesting things i want to point out here. first and foremost, if we do nothing, tax increases of about $400 billion, there are going to be spending reductions of about $102 billion, there are some other changes that happen at the end of the year that aren't associated with policy decisions, at the end of the day we change the scope of our deficit by about $607 billion. if we do nothing, that's what makes this such a hard issue to grapple with, mr. speaker, if we do nothing, if we reach no agreement, changes that happen automatically and burden us all in different ways, will create $607 billion for the u.s. treasury that we didn't have before. and that's only half of the annual deficit. you see all the pan damone yum that -- pandemonium folks are describing, all the frightful words used to describe the fiscal cliff, if we roll over that fiscal cliff and all of those bad things come to bear, the tax
FOX News
Dec 6, 2012 10:00am PST
on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say no, the president doesn't get to just decide when to rais
FOX News
Dec 8, 2012 11:00am PST
's looming tax hikes and spending cuts commonly known as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go off the cliff if the republicans don't acreed to that demand. so we're still at a stand still. >> paul: kim, why is the president so insistent on increasing tax rates? boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy in the country and they're insist
CNN
Dec 11, 2012 8:00am PST
'll fix our problem. and that's essentially what the fiscal cliff is, but it's just too much of these solutions that the fiscal cliff presents, how am i going to word that? it's too much austerity and it is too much tax increases at least, for the budget, or the for the economy to manage. so my question is, that was very wordy, how much is too much, how much is too late to try to just stabilize the problem we're in? >> well, ashleigh, you described the problem, really, it's not just the immediate fiscal cliff, it's this big thing in my book, savage truth on money. i've had that book about how we really are coming to an impasse. and the only way out is economic growth. that's only way the individual family -- you know, if you have a budget problem, if you could only get a better-paying job. if someone else in your family could work, you'd solve your problems right away. the same thing for the united states economy. we need to grow. we won't grow until we have confidence. confidence for business to expand, for banks to lend, for consumers to go out and buy that new house, and w
CSPAN
Dec 12, 2012 10:00am EST
be directed to new spending instead of deficit reduction. the fiscal cliff must be averted to protect our economy for future generations. yesterday, house speaker john boehner asked the president to identify specific cuts he's willing to make for a balanced approach. i hope the president will take immediate action so progress can be made for a bipartisan solution. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the time of the gentleman has expired. the chair recognizes the gentleman from new york. >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: the gentleman is recognized. mr. mig-ins: mr. speaker, there are many lessons to be learned in the wake of the hurricane that devastated parts of new york and new jersey. one of which is the importance of electronic medical records and health information technology. while many hospitals and medical centers were damaged by the storm, hospitals that employed electronic medical records were able to ensure that vital health info
CSPAN
Dec 10, 2012 12:00pm EST
. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion. even if they confiscate all of the income that excesses $1 million, we cannot pay for the entitlement commitments that the federal government has made. we have made promises to ourselves that we simply cannot keep. without some sensible entitlement reform, our credit rating will be downgraded again. we will become a country that none of us recognize. secondly, fiscal plans failed to achieve their government budget deficit or debt reduction goals. dr. hassett has examined fiscal plans in other countries. on average, unsuccessful plans proposed an inc
ABC
Dec 8, 2012 4:00am PST
. >> thank you, dan. >>> this morning marks 24 days before the country goes over the fiscal cliff, where everyone's taxes automatically go up. and deep spending cuts kick in. president obama is taking aim at republicans, accusing them of blocking a bill that would prevent tax rates to go up for the middle class. fiscal cliff negotiations are now in the hands of just two people. president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence floated. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. now, working for the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is easy. >> the president would probably have me sprint up to the hill
CNN
Dec 10, 2012 11:00am PST
on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'll see a conclusion to this issue. but it is regrettable that it is this late in the day, given the uncertainty and the apprehension that it continues to create among the american people, and, of course, both within the markets here and abroad. but i think it is hopeful that they have begun to meet and have some discussions because i think we can breathe a sigh of relief that the lines of communication are open. >> are you breathing that sigh of relief?
FOX News
Dec 5, 2012 7:00pm PST
spending decreases if you go over the fiscal cliff than if you deal with president obama. >> greta: well, it appears to many in the city that it's politico check mate for the president. if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him by a commission he appointed and heted that formula and presented to the republicans a program which was basically just a massive tax increase over and above the massive tax increase that's going to take place with the bush tax cuts expiring, so i don't see where there's -- he hasn't given them room to compromise. maybe if he had put his tax increases on the table and put up expenditure reductions of, you know, one and a
FOX News
Dec 5, 2012 10:00pm EST
them at their word, it sounds like the president is anxious to go over the fiscal cliff, and he leaves very little room for republicans to negotiate with him with a 1.7 trillion dollar tax increase, 50 billion more in stimulus spending, and absolutely no expenditure reductions that are going to take place right now. i mean, from the point of view of republicans, you're going to get more spending decreases if you go over the fiscal cliff than if you deal with president obama. >> greta: well, it appears to many in the city that it's politico check mate for the president. if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him by a commission he appointed and
CSPAN
Dec 6, 2012 12:00pm EST
in mandatory across-the-board spending cuts over one year, to drag our nation over the so-called fiscal cliff. what those tax increases mean to an average american family of four earning $50,000 a year is over $2,000 in higher income taxes. add to that expiration of the alternative minimum tax patch, new taxes mandated by the federal health care bill, and the reinstatement of the death tax, which will impact the next generation of farmers, ranchers, and small business owners, which americans will see the largest tax increase in the history of our country. if all of this happens, the congressional budget office predicts the nation's economy will shrink next year and the unemployment rate could rise again. in other words, we go back into recession. i believe we can avoid the fiscal cliff and address our massive deficit but that requires doing three essential things: reforming our tax code, reforming entitlement programs, and better controlling our spending. we can get additional revenue by reforming our tax code. that means closing loopholes and limiting deductions. by closing loopholes and lim
FOX News
Dec 8, 2012 3:00am PST
spending. they said, quote: this is going to be a tough fight in the congress given the fiscal cliff. some members have not been friendly to disaster relief. but the care with which the package has been put together has given us a good head start. although that head start not good enough for at least one republican member of congress frank says governor christie made a responsible request federal aid based on careful comprehensive analysis of new jersey's needs having seen the devastation firsthand in my district during his visit. i'm disappointed president obama has come to a different conclusion. we should not short change nor add strings to the support residence, businesses and communities in my district and across the region desperately need and at least 125 people were killed by super storm sandy. right now the u.s. government saying sandy is on track to be the second or third costliest natural disaster ever behind hurricane katrina and close to hurricane andrew in 1992. clayton? >> peter doocy live from d.c. >> now for your headlines might be the biggest arrest related to that terror
FOX News
Dec 9, 2012 1:00pm PST
of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase
FOX News
Dec 10, 2012 3:00am PST
through the federal government for eight days. then you got another kind of fiscal cliff looming. do you believe that behind closed doors yesterday that the president actually seriously talked about spending cuts? >> i think he is serious about that. i think everyone knows they have to have spending cuts to go along with whatever is going to a. we should make the kind of deal and the kind of comprehensive deal that is going to get our credit rating back. we're not rated credit wise. they're talk being lowering it again. we should make a deal that will almost immediately get back our credit rating that. should almost be the standard. they know what that standard is down to the penny. that's the kind of a deal we should make. we should get our great credit rating back again. >> brian: just real quick, 'cause tonight talk about what china is don't, but rich lowry says the president wants gop humiliation and that's what's haul behind the 35 to 39% for the upper tax rate. do you see that? >> i'm not sure if it's for that purpose and maybe he believe it is and did he win an election, so you ha
FOX News
Dec 10, 2012 6:00am EST
on the fiscal cliff cuts billions in defense spending. colonel oliver north says that will lead to disaster. he is here next. and tony hawk is here to show us a few new tricks, including one for all those parents out there whose kids will think are cool. i don't know if i'd do it in the rain, but he can. he's a prompt but olympic gabby douglas is here. a huge show! i think shaq in the house, too. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >> gretchen: 23 minutes after the top of the hour. james holmes expected to appear in court today. this will be the first time we look at him since he was taken to the hospital for a head injury last month after reportedly trying to kill himself. holmes accused of
CNN
Dec 12, 2012 1:00pm PST
the fiscal cliff is coming to town. ma merry cliff-mas. jim? >> the president is asking for $1.6 trillion. >> entitlement reform. >> discretionary spending. [ applause [ applause ] >> i'm back. what happened? >> they are still trying to reach a resolution in the fiscal cliff talks. it's getting a little heated between president obama and speaker boehner. take a look at what they've been saying to each other. yesterday obama said, quote, if we can get some leadership on the republican side, we can probably solve this in about a week. it's not that tough. boehner then responded saying, quote, i've sent the president our proposal. if he doesn't like our plan, he should come back with a plan of his own. obama responded to that saying, maybe i will. to which boehner replied, maybe i will. and mr. obama replied, stop copying me. so which boehner replied, stop copying me. >> to which obama replied dam infinity. you win for now boehner. >> according to a new poll that just came out, most americans think santa claus is a democrat. which is odd because you think of white, old, fat men that hire uns
CSPAN
Dec 7, 2012 9:00am EST
in the fiscal cliff talks? if they do not get the money from unemployment insurance. the jobs do not exist in the private sector to take on, then they spend less. that is bad for the economy. extending the programs would benefits. that is because the money trickles through the system. spent on food, housing, he teen, all of the basic necessities that give us a multiplier effect. host: this is from the national employment law project. who will be affected if the program ends. insurance will be cut off after payments for the week ended december 29. unemployment benefits without access to the euc by the end of the first quarter of 2013. tickets for those numbers a little bit and specifically the guest: there are two fundamental programs part of the extension. the important thing about them, this is what really counts in this, they provide the additional benefits passed the six months the market. additional benefits, they are possibly forced onto other kind of government programs like welfare. that is one important consideration to make. over the course of the year, as many as 10 million ameri
CSPAN
Dec 12, 2012 7:00am EST
-called fiscal cliff is more likely if both sides do not try to overreached on spending cuts. "congress and the white house need to agree on a plan for taxes and spending." john boehner and president obama spoke on the phone yesterday, a day after the president offered to reduce his initial demand in higher tax revenue over a decade to $1.4 trillion. speaker boehner countered with another offer. and lawmakers were expressing pessimism that a deal was close leading kevin mccarthy to say, i think it is getting worse and not better. stock futures are higher as investors wait for news on whether the federal reserve will announce a new stimulus plan today. regulators have launched three rounds of quantitative easing since the crisis hit. ben bernanke will be held in news conference and you could hear live right here on c-span radio. those are some of the latest headlines on c-span radio. [video clip] >> the white house was very controversial. l'enfant designed washington city. there was a competition and he submitted the design for a palace. americans were not having a palace. it was not par
MSNBC
Dec 12, 2012 8:00am PST
slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to see the spending cuts first, show me yours first, before i give you anything on the tax hike. it's this game of who's going to blink first. but it really doesn't benefit john boehner to continue this, as we see the public opinion and his brand is really taking a hit on this. >> i think so. we've seen this movie before. there's a lot of enthusiasm for vague cuts but when you have to actually decide what gets cut, even republicans blanch. the bloomberg poll out today shows 50% of republicans think that it's time to raise the taxes on the top 2% because the president has a mandate. that's just republicans. the majorities get even hi
CNN
Dec 8, 2012 2:00pm PST
are talking again. but that is about the only thing close to progress in efforts to avoid the fiscal cliff. president obama used his weekly address insisting he is ready to make the tough decisions on spending cuts. >> i am willing to make more entitlement spending cuts on top of the one trillion in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families then we're also going to have to ask the wealthiest americans to pay higher tax rates. that is one principle i wouldn't compromise on. >> speaker john boehner has a different view. he says the president needs to abandon what he called his "my way or the highway approach," in his words. if the president does that a lot of things are possible. >>> syrian rebels are battling army units around the capital. activists say 26 people were killed in the damascus suburbs today, while 29 more were killed around the country. meanwhile, the u.s. and other of
NBC
Dec 5, 2012 6:30pm EST
the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. s
CNN
Dec 10, 2012 4:00pm PST
they're talking about is peanuts. president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the deficit by $4 trillion over ten years. forget the fact it counts war savings which shouldn't count. let's go with the $4 trillion. john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16 trillion. that's how much debt the country has. according to bill groesdz, the man who runs the biggest fund, ie, the man who decides how much we can spend and borrow, we have to cut spending or raise taxes. that's $1.6 trillion a year. that's $1.2 trillion a year more than the president proposes. and $1.38
FOX News
Dec 9, 2012 3:00am PST
which we're calling the fiscal cliff, when you have automatic tax increases and spending cuts, but as we, you know, the time goes, it's been three weeks since the election, i'm growing increasingly pessimistic. >> we're been talking about it on the show, chris, and brought up a couple of times that the president, if he does nothing, the tax cuts expire, and the defense cuts go into place, which is largely what the democrats want to have happened and republicans now making the argument. perhaps the president is not going to negotiate because he wants to simply step back and want things to unfold. do you buy that. i think he does want to compromise because if this were to go on long enough. i don't think it happens the first week after the fiscal cliff, but if you continue with this and all of the things that happen, all of the bush tax cuts expire, not only on the rich, but also the middle class, the spending cuts, about 100 million in the first year, you could grow according to the congressional budget office or unemployment back over 9% and the president clearly doesn't want that, but
FOX News
Dec 11, 2012 3:00pm PST
those caps. and that's one of the reasons that we're now in the fiscal cliff. >> baseline budgeting has been used by both parties since 1974. allows republicans to exaggerate claims of frugality. allows democrats to expand the growth of government. either way accounting trick that no family tried to balance its checkbook could ever get away with. bret? >> bret: british bank sbc has agreed to pay money to settle a money laundering case. the justice department in the u.s. says the bank cleaned funds for narcotics traffickers in mexico and allowed illegal transactions with iran, cuba, and other nations. michigan becomes a right-to-work state with some fireworks outside the state capitol. we'll talk about what's going on with the fox all-stars when we come back. begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. >> no matter what happens, they cannot define us
PBS
Dec 12, 2012 3:00pm PST
are you prepared to have the congress go over the fiscal cliff, in other words? that's the question people asked when the president threatened to default two years ago and people said would the republicans cause the default? no, only the president can cause the default because only the president decides whether or not to pay interest the president i think has decided to go over the fiscal cliff for a number of reasons because he thinks he can blame other people for it. i hope he doesn't do that. two years ago he extended the business office for all this drama. he may decide to push us over a cliff. >> woodruff: finally, grover norquist, will there be a political price to pay for republicans who vote to raise taxes if that is what it comes down to? >> republicans will take a look, most republicans have committed, not to me, but their constituents, that they won't raise taxes and fight against tax increases. whatever they vote for they have to go to their constituents and say this wasn't a tax increase or let me explain to you what i did. they have to talk to their constituents. most republi
CSPAN
Dec 9, 2012 7:00am EST
to go up. a lot of americans to not know a lot about the fiscal cliff. the confidence and a market reaction is very different than the spending cuts and tax increases. here is the fundamental point. i could be wrong, it happened once. why find out? it is irresponsible to govern the country this way. the sequester and across the board cut, it is bat policy. everybody knows it is bad policy. we are very close to doing it. i find the whole situation unsatisfying. host: our phone lines are open and you can also send us an e- mail. you work for a number of members of the democratic party. you work for the president. a question that comes up often is why there is a partisan divide. what has changed over the last 20 or 30 years? guest: we only have an hour so we cannot go through all of that. there are a lot of things. there are some extraordinary changes. politics as a con tact sport is a substantial change from when i worked on the hill. they did not agree on anything, but they enjoy each other's company. i have seen with my own eyes republicans and democrats refuse to get on the same e
CSPAN
Dec 5, 2012 10:00am EST
's not a fiscal cliff. the truth is we have a tax decision coming up and we have a spending decision coming up. truthfully, we need more spending decisions coming up. sequester is a new word that we brought up. the sequester, as you recall, mr. speaker, was the hammer that we put in place way back, one of the first big votes you and i took way back in august of 2011. that was part of an agreement that the president wanted to raise the debt ceiling. there were bills that needed to be paid. the speaker of the house, john boehner, said we're not going to expand america's credit card until we get serious about curbing spending. he said, no, mr. president, i will not raise the limit on america's credit card unless you agree to dollar-for-dollar reductions on the spending side of the ledger so that we're not just making the problem worse, we're creating a pathway to solve the problem altogether. i admire the speaker for that. and the speaker and the president agreed on this proposal. it was called the budget control act of 2011, and what it did was to create a -- a committee here on capitol hill, fi
CSPAN
Dec 12, 2012 5:00pm EST
of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do not go back to the clinton era. that administration led use in a recession and do not raise the inheritance tax. and then listen to this, she said, i am from a family of farmers. that will kill our family and many others and make it impossible to keep farms that have been in our family for generations. that is the most unfair tax there is. this country will not survive more blows to small business and the middle class. stop the insanity and stop it soon. and finally from patrigsa in jefferson city, she said, i want to voice my opinion on what's happening in washington right now. politicians have put us in this mess with excessive spending. i
CNN
Dec 10, 2012 8:00pm PST
in technology. >>> our fourth story, selling a fix. with just 22 days until the fiscal cliff kicks in and we all go sailing off. we're hearing a lot of talk about talking between the president and the house speaker. apparently, these talks are behind closed doors because they're talking over or at or something not good at each other. here is president obama today in detroit on his plan to raise taxes on families making more than $250,000 a year. >> that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks. >> is the tough talk road show working for the president tonight? ben labolt is a former press secretary for the obama campaign. he had a vacation that's why he looks healthy now. and republican strategist terry holt. good to see both of you. terry, i want to start with you. the most recent poll we have "the washington post"/pew says by a margin of about 2 to 1, americans say republicans in congress will be to blame if there's not a deal on the fiscal cliff. so is the speaker losing
CNN
Dec 6, 2012 1:00pm PST
't act in good faith. but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of getting close to it, the president has to be able to pivot and to say how do i turn this political advantage into a real policy accomplishment? and, wolf, i don't think you're going to do that with continued campaign style events like we just saw meeting with middle class families. okay. we get that. that occurred during the campaign. the white house has clearly gotten its message out. i think now there has to be a next step. you know, timing is everything in politics. and this is absolutely no different. what i'm getting from talking to some democrats on the hill is i think there
FOX News
Dec 10, 2012 2:00am PST
as the fiscal cliff that will take place in january from congress and they may strike a budget deal by then. economists think it could downs back in november with unemployment still high the trend remains weak because households don't have the income to spend. that ties in with the borrowing numbers as well. credit card usage has gone 17 percent since the 2008 credit cli cries lis. the category auto and student loans is 22 percent higher. they get training for new careers. >> diane macedo from the fox business network it is 14 minutes before the top of the hour. you could call them a mosque carade. it promised to be a lot more than a praise of prayer. turns out that is all they are doing there. we will tell you the details. >> they were trying to wreak havoc on the neighbor's decorations. check with steve doocy to see what's coming up. >> thank you very much. exactly. 13 minutes before fox and friends kicks off. who says there's no such thing as a free lunch. whoever said that has to dine with uncle sam. millions of dollars of tax payer money feeding children for free. before they need it o
CNN
Dec 11, 2012 1:00pm PST
, the closer our economy gets to the fiscal cliff. >> nobody should trust democrats to put a dime until real deficit reductions. >> reporter: to better understand the gop positioning, remember what any reduction deficit looks like drawn from two different pots of money. first, tax revenue. second, spending cuts likely to center on changes to entitlements like medicare. on revenues, republicans already conceded to tax increases for the wealthy. the big sticking point is what kind and how much. since that is angering many on the right who oppose any tax increases, republicans want democrats to take the heat for entitlement cuts by proposing them first so republicans don't face the wrath of seniors, too. remember this 2011 ad depicting paul ryan throwing granny off the cliff? the white house says it's republicans who haven't offered specifics and the president has. >> very specific spending cuts, including savings in entitlement programs. again, i -- it's not a mystery. we've seen this before. this is the document. >> reporter: that document is last year's white house recommendations to the sup
CSPAN
Dec 10, 2012 12:35am EST
not have a deal, your taxes are going to go up. a lot of americans to not know a lot about the fiscal cliff. the confidence and a market reaction is very different than the spending cuts and tax increases. here is the fundamental point. i could be wrong, it happened once. why find out? it is irresponsible to govern the country this way. the sequester and across the board cut, it is bat policy. everybody knows it is bad policy. we are very close to doing it. i find the whole situation unsatisfying. host: our phone lines are open and you can also send us an e- mail. you work for a number of members of the democratic party. you work for the president. a question that comes up often is why there is a partisan divide. what has changed over the last 20 or 30 years? guest: we only have an hour so we cannot go through all of that. there are a lot of things. there are some extraordinary changes. politics as a con tact sport is a substantial change from when i worked on the hill. they did not agree on anything, but they enjoy each other's company. i have seen with my own eyes republicans and democrat
CNN
Dec 10, 2012 9:00am PST
if we go off the so-called fiscal cliff. here's what he told cnn this morning. >> people who don't have the extra money to spend then hurt the stores they would shop at, the food they would buy and so on and so forth. this is a time in our fragile economy we cannot have a government especially republicans holding hostage all of this country. >> booker also says he's trying to decide whether or not he's going to run for u.s. senate or governor. he told us this morning that governor christie is vulnerable it to a chal laeng because of his stand on the environment as well as women's issues. >>> 16-year-old jgymnast gabby douglas catapulted in our hearts. in her new book she talks about how at one point right before the gameshe was ready to just forget the whole thing. now, something else a little different. listen to what she said. >> i wanted to quit right before the olympic games, and i wanted to work at chick-fil-a and join other sports like track and field. >> why? >> i was very homesick. my family came to iowa to celebrate christmas with me, and before i knew it was all said and done
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